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Trxusdanalysis

Clear Channel DownTron is on a clear 1D Channel Down (RSI = 40.265) with oversold momentum (STOCH, STOCHRSI, Williams) but on an slow pace (MACD = -0.003, Highs/Lows = -0.0041, BBP = -0.0088), meaning that after hitting the 0.064052 Resistance it is consolidating before the next leg down. This consolidation will soon be evident on 4H as we estimate 4 indicators will turn neutral. The 0.064052 and 0.066697 Resistances are excellent sell entries, with our TP located at the 0.046047 support.
BITFINEX:TRXUSDShort
by InvestingScope